Stocks Resilient Amid Rising Yields, Oil; Everpure, Taiwan Semi, Bloom Energy In Focus

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0:32Hello, and welcome to another episode of the Stock Market Today video. It's Justin Nielsen here, and I will be hosting for the day. Joining me is Ed Carson, our news editor, and we are coming to you live on September 24th, 2026. And man, the market isn't making it easy. There's a lot of jostling back and forth headlines, but I think the overall, I guess, theme here is resilience, right, Ed? Yeah, really resilient. You know, You always have to wonder how long it can last, but impressive performance given some of the headwinds. I want to take a look at Everpure, Taiwan Semiconductor, and Bloom Energy.

1:10That sounds like a plan, but first let's go ahead and pull up some market surge charts, and we will go through the indexes in a moment. Just kind of going down the list here of our market indexes, looks like the Qs ended up about down 0.01%. S &P 500 was down about 0.02%. The Dow Jones Industrial Average, that was down about 0.31%. And the Russell 2000, that was down about 0.13%. All of the indexes really closed very well, I would say, except for the Dow. The Dow Jones Industrial Average was a little bit weaker, closing kind of just above the mid-range. Certainly the Russell 2000 has also been suffering quite a bit, although that did close well off its lows in the 87 % range.

2:00And that's pretty much where the other indexes were too, definitely in that upper quartile. So heading back to the NASDAQ, I think, again, the word that you use, resilient this morning and in your headline is pretty much what we're seeing. A lot of interesting action in terms of despite oil, treasury yields, headlines, you name it, this market just doesn't want to go down. Yeah. So that's impressive in that regard. I mean, and honestly, even when the markets were struggling over like the last few months, certainly the last month, oil prices and yields were trending higher and the market, yes, it was grinding lower and, you know, some of the indexes worse than others, but honestly holding up pretty well.

2:43Now, resilient, grinding lower, you know, holding on, it's hard to make progress in that. You want to make actual progress. You don't want to be resilient. You want to be thriving. You know, you'd rather show how great it is to, you know, in lackadaisically run downhill than to struggle to go uphill. So, you know, so there's only so much you want to say about resilient. But it does show that, again, when yields and oil prices fall, the market has been quick to rally, and it has been resilient on the way up. Again, it's been hard to make money over that time, but it is something that certainly you don't want to give up on this market.

3:21I mean, the NASDAQ's basically at record highs. You also have to note that some of the indexes are really struggling too. So depending on what you can find, different things going on. And it is still tricky to buy new things because just the moment when you think everything's picking up steam, then there's a pullback. This pullback is better than what we had been experiencing, but we'll see what happens next. Yeah. And I guess the hope is when we say resilient, the hope is that, you know, look, just like when you take a beach ball and you hold it under the water, it's one of those things where if you can kind of take some of those pressures off, you would expect that pop and the thriving to begin.

3:59But we haven't had those pressures off yet. Yeah. You don't know if a shark's going to come in by and bite that ball. come underneath. But yeah, that's certainly what we're hoping for. Just when you thought it was safe to go in the water. So looking at SPX, certainly one of the things that struck me today, I mean, look, at one point, this looked like it was going to be closing below the 21-day moving average line. It was right there on the verge before it found some support at the line. But when we look at our SP, this is not the breadth that we usually like to see with everything going the same direction.

4:37In fact, RSP, the equal weighted S &P 500, that was down today, half a percent. It closed at the lows. This was not where the rally or reversal came. It was really in your top quality, high market cap stocks, not in your average stock. Yeah, that definitely was a breadth was narrow. And a lot of the strength was in, once again in meta and in in uh google and some names like that uh so that there was some strength in those areas that have been propelling you know propping up the markets a little bit you know so it's understand a lot of people like some number of my stocks well some were up some were down and definitely a mixed bag uh for sure uh there was a lot of just there was there were some big moves today yeah yeah it was strange i mean looking around and and and even when the market it sort of held steady, different things would move around, it seemed like, you know, so it was a little odd.

5:38But yeah, I would also say that people who bought in the last couple of days, it's like, yes, resilient, but it's just still, if you bought in the last couple of days, software may be different, but a lot of these names, you're probably down somewhat on them. I mean, you know, on a lot of them. So it's just something you have to watch out for. Don't let those become big losses. That's for sure. Even though, yes, it's possible we'll run right back up. You can always buy them back or buy something that looks even better when the market really shows improvement. Yeah. And speaking of kind of this breadth side, let's also take a look at QQQE, which is the NASDAQ 100 equal weighted index.

6:14A little bit better there. At least this is getting support kind of at a reasonable level at the 50-day moving average line, at the 21-day moving average line. All those moving average lines are really kind of converged in one place. So it does seem like this is an important area where it did get some support. And this goes to show that while the S &P 500 is showing how the breadth is really not there, it at least is somewhat there for the tech, right? At least in the top 100 non-financial stocks on the NASDAQ. But what do you make of the QQQE? Yeah, I mean, look, is this a bullish pullback to support maybe sort of forming a handle?

6:50And then we take off and everybody says, aha, look at this, and we'll go. And that may be what happened. And there may be, you definitely want to be working on your watch list. There's names like this. On the other hand, it would not take much at all for this to go for the 50-day line. And if it goes to the 50-day line, the S &P won't be much further behind that. So, you know, this glass half full with some nice things in it could quickly empty out. So, again, it's either way. Look, we go higher. We're all going to be excited again. I mean, we're going to, we're very, we're one of those areas.

7:19And unfortunately, it's been that way for like months. It feels like with just one good day, you know, all of a sudden, and then, or one bad day. And it really has been that kind of market. It felt on Tuesday that maybe we're shifting out of that. But maybe that was a little premature. sure. Yeah. And even worse, those good days, they kind of draw you in. You do some buying. Those bad days kind of knock you out. You do some selling. And then you end up looking back and you say, wait, I'm buying at highs and selling at lows. And that's not what I understand to be the way to make money. Yeah. Yeah.

7:53That can be unfortunate. Right. So let's take a look. You did mention treasury yields. Let's look at some of these macroeconomic factors. I mean, a really, really big move yesterday in the 10-year treasury yield, and it was no relief today. So what does that kind of tell you about, again, there is that resilient thing, but when we're at the highest level in the 10-year treasury yield in two decades, what does that tell you? I mean, that is not great. I mean, the real interest rate, I mean, inflation adjusted keeps on rising. I think people, markets are worried that inflation will get out of control, like the Fed is going to lose control over it.

8:34There's just concerns. There's just a global demand for money, both from the, you know, the governments around the world borrowing like crazy and AI companies, people borrowing like crazy to invest in AI. And so that combination is really squeezing. This message comes from Viking committed to exploring the world in comfort. Journey through the heart of Europe on an elegant Viking longship with thoughtful service, destination-focused dining, and cultural enrichment on board and on shore. And every Viking voyage is all-inclusive with no children and no casinos. Discover more at viking.com. Capital, and it's hard to get around.

9:12Of course, there's the Iran crisis. There's all sorts of things. There's a lot of factors driving it up. The two-year yield didn't actually rise today, and that's more closely tied to Fed policy, but We already were in a situation where the market is now expecting two rate hikes, two more rate hikes this year. So basically rate hikes in October and December. Yeah, I mean, that's just, look, this is competition for stocks. The discount rate for future growth, people will knock it down because of the interest rate. This is not easy for stocks to move higher in this environment. Yeah. And I guess a lot of folks are thinking that maybe the way we get out of this is the productivity gains of AI.

9:53But that remains to be seen, I suppose. Yeah, that can be a few years off. I think there's the near term, there's an inflationary aspect. I mean, we talk about memory prices skyrocketing. It's because of AI demand. I mean, the prices, you look at any of those things, all these dramatic things, they're not necessarily selling, they're selling more chips, but then their profits are up 10 ,000 % or something. It's like, you know, the prices are up and that's happening with a lot of things and all the, all the down the line. And so in the short run, AI is, is put it providing some kind of, is pushing up some prices again, long-term, hopefully a lot of real big gains, but yeah, not, not anything we're going to talk about in the next few weeks.

10:34Let's put it that way. Yeah. And then also worth looking at is the dollar, Dixie U.S. dollar index. This has been getting quite a bit stronger. So how is that kind of influencing what's happening in the market? Well, that's also going to pressure things like a lot of commodities. And, you know, we've definitely seen gold along with yields. But with the dollar, if you use gold as a safe haven, really, for the dollar, I mean, you know, there was sort of a time came in. They're going to be struggling. A lot of these things are struggling now. I mean, there was a big, long move up. It doesn't mean they can't bounce back.

11:10But when yields are rising, dollars are rising, gold is not a safe haven for the most part. Yeah. And let's go ahead and do the compare and contrast. Again, a lot of things that have been struggling, but one of the areas of strength has certainly been the chips. This, you know, not at new highs, but certainly well off its lows and looking like it's still, again, holding up very well with those gains that it got recently. holding up very well. And this is going to, is this going to form a handle? And a lot of stocks like the stocks and memory and AI plays look like this. Can they form handles or just power ahead these short-term levels or will they fade?

11:51And that's the real question. But again, there's watch lists are going to be, you know, there's expanding watch lists out there. So this is what we need to, this is really important. I mean, this is really important in the next few days is what it comes down to. Right. And as ugly as software got earlier this year and stuck the IGV expanded, the iShares expanded tech software ETF stuck below its 200 day moving average line, popping up above it in June, but not being able to hold it. This time certainly looks different. And this is, again, just seems like along with chips to be a significant area of strength.

12:29Yeah. And sometimes that we talk about these wild consolidations and it's hard to get into them well this lower recent action is sort of like you know sometimes you'll see a base or a handle next to it you know you know something tighter it's it's not tight but it is definitely tighter this this pullback compared to some of the other pullbacks we've seen this year uh and there's a lot of stocks that are acting well and we looked at we're not going to look at any today but just because we've looked at so many the last few days right but there's a number out there that are acting well uh so So again, definitely, definitely a very important area for people to be following.

13:02Yeah. And to that end, one of the groups, software security, this is CIBR, which was down today and at the lows, but this is certainly going to stand out in the software space. So worth keeping an eye on that, especially some of the components in there. Okay. Well, let's turn over to some of the stocks and our old friend Pure Storage, now known as Everpure certainly had quite the move today. What was happening here, Ed? Well, last night, Everpure, I think it had some analyst day or something, they raised their guidance for fiscal 2028, which starts next February. I actually reiterated, just reiterated guidance for the current year, but growth is really strong this year.

13:46It's gapped up. I mean, it gapped up and broke out of this consolidation that was just a couple of days away from becoming a new base. So I think you could treat that high as a buy point. The stock did pull back quite a bit. And this is sometimes why I like, I don't really want to be buying gap ups, especially in this kind of market that has been so prone to selling strength. So yeah, if you bought this one, you know, unless you bought it really early on, but I think this is one, see if it can hold here. I mean, I would just say like if it can trade for a few days, I don't know if I'd want to wait for it to get to new high.

14:18I think ideally it would trade somewhere between 120, 125, some kind of handle type thing and then move. I'd feel more comfortable with that. But a lot of strength here. This is one of the stronger areas of the market. And so there was a big wild base. This is a much more tighter base. The fundamentals are really strong for this. And I guess they're going to continue to be strong through next year. Yeah. Worth mentioning that it does seem like there have been some big volume spikes, especially on the upside here. You know, there was the earnings reaction, which had a little bit of a volume spike on the downside.

14:55This was options expiration. So something that we're going to generally ignore, but today certainly looked interesting. Sometimes it's worth taking a look at the intraday chart on some of these if you're trying to sneak your way in to see if there's any levels there. But yeah, this one was a little bit tough. You could have maybe gotten in and said, oh, I'll use this as my stop just to keep it very tight, but it didn't hold. So this might just need a little bit more time to digest the huge gains that it got today. Switching over, we mentioned chips and TSM, Taiwan Semiconductor, certainly is among the standouts.

15:32You know, some fairly tight action over the last few days. Again, not wanting to give anything up from its gains of the last week or so. What do you think here? Yeah, this is on leaderboard, a new stock on leaderboard. It's on IBD Long-Term Leaders. It's on the IBD 50. You know, one thing about it, there's a lot of chip stocks that came up to sort of like their July, August highs kind of things. But a lot of them have pulled back below it. It is nice that Taiwan Semi is now pausing sort of just above those highs. Not that it's that big of a deal. If you're an RIA, Schwab Advisor Services is the Watson to your homes.

16:08Smart, dependable, always has your back. With all the wealth services, technology, and support your firm needs, the difference is so obvious, it's Schwabius. Follow the clues at schwabius.com. But it's, you know, when you're looking around trying to decide, well, which one should I buy or look at, at the moment, I like the fact that this is holding just above those levels. It'd be great if it could form a handle. I mean, it really depends on the market, honestly. You know, if the market takes off, that's not going to happen. So it's just a little bit above those. I mean, you know, not much. It could easily fall below and, you know, and other names could power by it.

16:43This one has a relatively low ATR, like 2.3 percent. That's crazy low for a real growth stock. I mean, that's really I mean. So, again, in a difficult market, this one may not go up. If the market takes off, you know, your sand discs or your microns might end up having bigger gains. But if we go lower, this one is probably something where you'll be able to get out without getting really, really hurt, probably. So I like that in this kind of market. And I do think it's actionable above these levels, but it could also form some other kind of more of a true handle perhaps as well. Yeah. To your point, it's interesting.

17:21George Kachuk was saying something very similar. He was on the podcast yesterday, an 2020 investing champion in the$1 million plus division. his line in the sand for a lot of these stocks is August 17th. And to your point, are you above that August 17th area or are you below it? And that really kind of tells you a lot about what's working right now. So certainly worth keeping an eye on some of those areas. And then we'll go ahead and end with Bloom Energy. Full disclosure, I do have a position in this. I actually thought I was going to be getting out. I was on the IBD live show this morning. And when I saw how it opened, I put a stop in at the day's low and just said, look, if it gets that, I'm out.

18:07But it never hit it. I had some alerts throughout the day. But as it just kind of kept climbing, I ended up looking at it and saying, OK, well, this is looking like support of the 21 day moving average line. Maybe I'll give it a little bit more room. What's your take here? Yeah, I mean, a few things like there was bad news today indirectly. Oracle apparently declared, according to Bloomberg, declared force majeure on this plant. The data center that's being built, and it's basically saying, well, if it doesn't get built on time, we don't want to have to pay our suppliers. And one of those suppliers is Bloom Energy.

18:42So that's what happened here, because this was trading very tightly. But this came down to the 21-day line and bounced and ultimately didn't have that bad of a day. I mean, honestly, for a stock that has really a pretty high ATR, with bad news, this could have been pretty poor out there. But I thought that showed real strength in that regard. It actually has a handle now. I believe that Ed was talking about some of the action that was going on here. Oracle, signaling that they were going to have a force majeure where they were basically saying, look, with that Project Jupiter, if we can't deliver because of all the problems that we're having, getting the energy to our data center, that's going to be something that they are going to say is out of their control.

19:31And that's where that force majeure is going to come in. So that kind of spooked things. Oracle certainly did take a dive on that as well. But Bloom Energy is one of the big energy contributors for that project. And so that's why Bloom Energy did get hit. As I mentioned, I was, you know, keeping my position, you know, going to see what happens here on the support at the 21 day moving average line, but certainly worth noting. Sorry so much folks for the technical difficulties. That's going to wrap it up for us this day. We're going to be back on the show tomorrow after the close. I believe it's going to be Rachel and Ed coming to you.

20:11And we also have IBD Live that is going to be starting up 10 minutes before the open tomorrow at 620 Pacific time. We'll go ahead and see a lot of you there. If you haven't checked that out already, it's at investors.com slash IBD Live. And hopefully I'll be seeing some of you in Vegas. If you haven't taken a look at that, that's at investors.com slash FC Vegas. Oh, welcome back, Ed. Was there any more that you wanted to talk about on Bloom Energy? I kind of talked about some of the Oracle news and force majeure. Yeah, sorry about that. I guess it was also, I think there is now a handle that won't show up probably because the base is so deep and it's a consolidation anyway, so it won't show up, but there is five days.

20:53So we've got a handle now on that chart. So maybe this is the bullish shakeout we're looking for, or maybe we fall 15 % tomorrow and it all ends in tears. But for today, it was sort of ultimately a bullish reaction given in the high ATR and its tendency to make violent moves. This looked like something that could really sell off. And it didn't. And so sorry for the disruption. So there we go. Any last parting words? Again, going back to kind of the market, a lot of maybe angst over, well, gosh, what do I do now? A really strong start to the week. Impressive how much of those gains have been held, but certainly a little bit settling, some of the volatility.

21:36Again, it's just not one of those set it and forget it markets or just push it, jam it to the wall kind of markets. I mean, it's just not. You have to be really paying attention. You know, if the market continues to be shaky, maybe you reduce exposure just from getting shaken out of things and being cautious about new buys. So again, yeah, just there's certain markets. This is not a power trend rip roaring market. There were some positive signs a couple of days ago. We're still not sure. Are those positive signs still sort of in force? Are we going to return to that up and down kind of market?

22:12So again, I have to take it day by day. We'll see what tomorrow brings and see what next week brings. Yeah. And in the meantime, I think you have to have both scenarios ready to act. If we rip up from here, be ready to kind of put on more exposure, add to positions. And if we don't, then, hey, make sure you have your exits in place. Risk management is always top priority. Thank you so much, Ed, for your commentary. And we will see you on the show tomorrow. All right. Thank you. Okay. Thank you, everyone, for watching. And again, sorry about those technical difficulties. We will see you all tomorrow.

22:49Have a great day and enjoy the rest of your day.

23:07This show is for informational and educational purposes only, and nothing should be construed as a recommendation to buy, hold, or sell any securities. Any securities and investment strategies discussed may not be suitable for all investors. Make sure to consider consulting with your financial advisor before making investment decisions. This message comes from Viking, committed to exploring the world in comfort. Journey through the heart of Europe on an elegant Viking longship with thoughtful service, destination-focused dining, and cultural enrichment on board and on shore. And every Viking voyage is all-inclusive with no children and no casinos.

23:42Discover more at viking.com.